Interstate Restaurant - 7224 Region Ln

Retail-Commercial for Sale
Catylist Listing ID: 30627752
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 5,781 SF
Gross Land Area: 1.40 Acres
Sale Price: $2,300,000
Unit Price: $397.86 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Building Name: Former Puleo's Grill
Usable Size (USF): 5,781 SF
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/19/2021

Overview / Comments


Visible to 86,259 CPD ( I-40)
Dominant exit (398) entering/exiting Knoxville
45 free Surface Spaces are available; Ratio of 7.52/1,000 SF
Adjacent to National Restaurant & Hotel chains
Fully equipped near turn key solution
Pellissippi State Community College, TDOT & Forks of the River Industrial Park supply the hungry consumers.

Knoxville is centrally located to serve the nations supply chain and home to a national lab, the University of TN and the Forks of the River Industrial Park which is 5 minutes east of downtown on Interstate 40. There you will find major manufacturing and distribution from companies like Green Mountain Coffee, Sea Ray, Maleluca, Leisure Pools, and Aqua Chem to name a few. Arterial access is thru Strawberry Plains pike, along exit 398 at Interstate f40 which is also home to Pellissippi State Community College (1500 students and faculty) , and the Regional HQ for the TN Dept of Transportation. There you have a 5,981 SF restaurant with excellent visibility, parking, attractive architecture, and is in turn key ready. Could easily convert to medical, or other non-restaurant use.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 073PA001
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: Strawberry Plains Pike
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,891 SF
Property Condition: Good
Year Built: 1995
Roof Type: Flat
Parking Type: Surface
Interior Description: Bar seating, booths, private rooms, ADA Bathrooms, Managers office,

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,988 29,479
Median Age: 43.77 41.51
Households: 3,284 11,849


Photograph of Listing Agent

Justin Sterling

NAI Koella | RM Moore KAAR CIE Member
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